Canadian Imperial Bank of CommerceTSX: CM

CIBC to launch additional U.S. Canadian Depositary Receipts

· Issued by Canadian Imperial Bank of Commerce via CNW

Summary by 6ix AI

CIBC intends to list 11 new U.S. Canadian Depositary Receipts (CDRs), which CIBC says give investors access and exposure to global companies in Canadian dollars, on the Toronto Stock Exchange (TSX). Trading is expected to begin on October 20, 2026.

Key details

  • With these additions, CIBC says it will offer 144 CDRs across six countries.
  • New CDRs and TSX tickers, part 1: Bloom Energy (BE), Bristol-Myers Squibb (BMY), Cerebras Systems (CBRS), Coherent (COHR), Datadog (DDOG) and Dell Technologies (DELL), each a CAD Hedged CDR (hedged to the Canadian dollar).
  • New CDRs and TSX tickers, part 2: Fortinet (FTNT), Lumentum (LUME), Rocket Lab (RKLB), Snowflake (SNOW) and Valero Energy (VLO), each a CAD Hedged CDR.
  • CIBC says CDRs are offered at a fraction of the price per share of the underlying share and include a built-in notional currency hedge meant to reduce currency risk.
  • The prospectus supplement, the offering document for these new CDR series, has been filed on SEDAR+, the Canadian securities regulators' public filing system.

What’s still pending

  • CIBC has stated an intention to list the CDRs; trading is expected to begin on October 20, 2026.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/cibc-to-launch-additional-us-canadian-depositary-receipts

Expanded U.S. CDR lineup will provide more opportunities for Canadian investors to access global companies

TORONTO, Oct. 14, 2026 /CNW/ -- Today, CIBC announced its intention to list 11 new U.S. Canadian Depositary Receipts ("CDRs") on the TSX, with trading expected to begin on October 20, 2026. With these additions, CIBC will now offer 144 CDRs across six countries.

Introduced to investors over five years ago, CDRs make it easy to gain access and exposure to many of the world's largest companies – in Canadian dollars. Offered at a fraction of the price per share of the underlying reference share, and with a built-in notional currency hedge, CDRs provide investors with affordable access to global stocks while mitigating the currency risk associated with global investing. 

CIBC's newest CDRs represent well-known U.S. companies. The 11 new CDRs are listed below with corresponding TSX ticker symbols:

  • Bloom Energy CDR (CAD Hedged) – BE
  • Bristol-Myers Squibb CDR (CAD Hedged) – BMY
  • Cerebras Systems CDR (CAD Hedged) – CBRS
  • Coherent CDR (CAD Hedged) – COHR
  • Datadog CDR (CAD Hedged) – DDOG
  • Dell Technologies CDR (CAD Hedged) – DELL
  • Fortinet CDR (CAD Hedged) – FTNT
  • Lumentum CDR (CAD Hedged) – LUME
  • Rocket Lab CDR (CAD Hedged) – RKLB
  • Snowflake CDR (CAD Hedged) – SNOW
  • Valero Energy CDR (CAD Hedged) – VLO

These listings will add to the existing lineup of CDRs which are currently available for trading.

The Prospectus Supplement for these latest series of CDRs has been filed on SEDAR+ at www.sedarplus.ca. For more information about CDRs, please visit https://cdr.cibc.com.

About CIBC  
CIBC is a leading North American financial institution with 15 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking, Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/ca/media-centre.

SOURCE CIBC

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